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I forgot to pay the phone bill ~A$80 few years ago… and I am still be able to get the mortgage from the bank
by explaining why it happened.You need to live in the property for at least 6 months out of 1st 12 months period… otherwise.. forfeited
It could be one of your property in Moree (Queen st or alice st)
$$$$$ … free to become a parasite
It is not only vets… the doctors as well… not many doctors are willing to go to rural.. even regional city…
seems expensive commercial property in town of 5000
you probably can get a house with yield 9-10% in 5000 populationSorry Ryan to keep disagree with you
It is NOT difficult to get margin loan 70% LVR on top ASX 50
(i.e. not dogdy company)Yes.. diversification is ignorance… to whom who does not know the world of investment!!!
Eventough the richest man in the world… Warren Buffet has quite diversified portfolio in his Berkshire Empire.Sorry to disagree with u again and again. Warren Buffet vs. Steve McKnight
Richard,
Yes.. capital protected loan.. but I think there is a limit in terms of claiming the deductible interest rate(ATO ruling).. correct me if I am wrongNot yet… never invest in small regional town.. will find the experience soon
Sorry to disagree with u again Ryan
You can borrow up to 70-80% with standard margin loan.
There is always pros and cons investing in share market including fully franked dividend, liquidity, etc.
Buying bluechips = buying with top management, not the dodgy CF+ve that will get trashed
You can start as little as A$500… plus othersMy suggestion – Diversified…Diversified… shares, property, managed funds, and income securities (preference shares & bonds)
what is the pitfall then…?? strata title is very common…
you can have 2 properties on 1 land with strata title
or 10000 apartments on 1 landIt depends on the location of the property.
In innerwest sydney, the rental property is like 'hot chips' and you will have 10+ good applicants.
I always rent it out in line with market value.
I never had problem with tenants trashing the property before, unless u r investing in the small rural/regional town.But… just above to tread the Moree's property market
woo… 97%LVR with westpac… very interestingg!!!!!
Matt.. tell me which brokerYou can't have 2 sold houses on 1 title.. doesn't make sense…
Do u mean by strata title?good income
Awaiting Henry Tax review
And also the interest rate as well…. needs to take into account
@richard, are they going to charge purely residential rate or semi commercial/residential rate?
Steer clear from hybrid trust…. but interestingly, the current API magazine posted article on Hybrid trust investor vs. ATO
Thanks sonya
will give contact a few pm's @ Moree and asking their adviceSave more $$$$
Yes, I totally agree with Richard
I would suggest you to consider 1 IP at any time…. it is a financial suicide to bet all the money in one type of asset.Have u consider term deposit with 1 year = 6.5% or Ubank At-call = 5.95%?
Please note that I am NOT qualified to give financial advice and above is just a suggestion